Adopting prepaid business cards

By SimpledCard on 22nd June 2020

Business card – 4 min

From large corporations to SMEs, businesses want to eliminate cumbersome and limiting payment processes to leverage convenience and improve their efficiency. Over the years, credit cards have provided organizations with security and versatility while making payments for their employee’s expenses. However, SimpledCard’s prepaid payment card offers the convenience and efficiency that organisations need today.

With globalization enabling businesses to extend their reach, traditional credit cards are falling short in providing an efficient and straightforward business payment option, especially for organizations with multiple offices in different parts of the world.

The hassle of independently negotiating credit card contracts with various local banks for small teams of employees has led many businesses to replace traditional credit cards with prepaid business cards. Prepaid business cards provide organizations with the best-streamlined solution for managing business spending, such as travel, office and online expenses.

SimpledCard specializes in providing fully integrated business prepaid cards and a Card Management System to help monitor expenses without limitations. SimpledCard payment cards resemble the normal credit cards provided by banks across Europe and bear a Mastercard or Maestro logo, but their balance is preset in real time by your organization through the Card Management System. By understanding prepaid cards, organizations and SMEs can reap numerous benefits from these cards.

We are happy to help you find the right online payment method for your organization.

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Benefits of prepaid business cards

❯ Instant accessibility

SimpledCard payment cards are accepted throughout the world where the Mastercard or Maestro logo is displayed, making it possible for your team to make necessary purchase anywhere.

Obtaining the card helps in transforming complicated processes of organizing and assessing expenses into a simple process that can be completed at any time.

This ensures that organizations can expand their operations across the country or to any part of the world, by making sure that local employees dedicate their time to accomplish growth objectives rather than concentrating on tracking their expenses and receipts while travelling. Additionally, the card allows you to load money and spend it in any other currency without exchange fees.

❯ Always available

If your organization has offices in various countries or regions, prepaid cards are the go-to option. The tedious process of filling traditional credit card application forms coupled with the nuisance of negotiating the credit card limit with different banks limits the use of credit cards, which is an inconvenience to your organization.

SimpledCard prepaid cards do not have all of these prerequisites and are therefore more easily available for rolling out to your local entities.

❯ Control account for business expenses

Using a prepaid business escrow account in combination with integrated software helps your organization to monitor spending whenever it is accrued, ensuring accurate and timely bookkeeping.

With rechargeable payment cards, your representatives attain the freedom to spend efficiently while managers have the assurance of knowing the company’s money is being well spent. . A control account for each local office helps to keep the books for the various entities separated, while ensuring real time insight for the central Finance team through the online Card Management System.